U.S. direct lending loans shrugged off a difficult start to the quarter and followed broader capital markets higher after the administration’s decision to pause the “Liberation Day” tariffs. The announcement led to a rebound in markets, lifting the average fair value of direct lending loans, pushing returns higher.
Analysis & Data, LSTA publications on the private corporate credit market
The US leveraged loan market closed out the third quarter on a sour note, amid a darkening outlook for the economy and increased volatility across the capital markets in late September.
Analysis & Data, Morningstar/LSTA Leveraged Loan Index publication
